COMMERCIAL.

Dominion, Volume 2, Issue 457, 16 March 1909, Page 8

COMMERCIAL.

THE SHAKE MARKET. business 'was ~recorded \ yesterday, bit tnoro was a very fair. nuiribotCofi' quotations, ganlc of Now Zealand,''sellers'.£B lis.; National lianks, buyers .£5 25.,' sellers £5 3s. 6(1.; National Mortgago, buyers £2 13s. 6d., sellers >E2 i,' ; Trust and Loan, buyers £1, sellers ,£7 35.; Wellington Investment, sellers Us. 6d.;. Now Zealand and River l'late, sellers i£l 13s. 6d.; Feilding Gas, buyers .£1 j Wellington Gas (oEIO paid), buyers i2IG 175. ; Gd., (new issue), buyers 12s. 9(1. premium; National Insurance,,buyers .£1 Bs. 3d., sellers ill Bs. id.; New Zealand Insurance, buyers JE3 13s. 6d.; Gear Meat (£X paid), bnyers £2 10s.; JFeat Export (>£'2 12s. Gd. paid), buyers £3 os. Gd., sellers ,£3 Is. 6d.; Manawatu llails, buyers £2 16s. Gd.; Now Zealand Shipping, buyers i! 6 17s. Gd.; sellers £1; "Union Steam, sollers i!l 15s. Gd.; Wellington Woollen, sellers .£3; Westport Ccal, buyors .EG Is., sellers • 3a. Gd.; WestportStockton .Coal, buyers Bs. Gd.; sellers 95.; Kauri Timber (15s. paid), buyers 14s. Gd., sollers 15s. j' Manning >and Co. (brewery shaves), sellers .£4; Ward and Co. (browory shares), sollers JH !Gs.; Sharland's (ordinary ant) preference), sellers ISs. Gd.; TarAnaki Petroleum, buyers 7s. Sd., sellers Bs. Gd.

. THE MINING MAEKET. ; Sales of Waihi at 18s. Gd. and .68 19s. were reported.; The market was quiet. Yesterday's quotations were as under:— Buyers. Sellers. Pales. . £s. d. £s. d. *£ s. d. Waihi ■< Grand Junction ... ... 1 5 6 1. 6 0 — Waihi : • BIS G 9 0 0 819 0 Talisman; ... ... 2 5 G 2G 0 — Big Eiver ... 110 0 • 117 0 — THE BANK OF FRANCE. ; , ; The report of tho Banquo do.Franco for 1903 states that the 'iiot profits " amoiinted to £1,516,000; as compared with ,£1,911,000 in the preceding, year. The dividend for the year is .£6 Bs. per share, as against £7 for 1907; - At the animal meeting tho governor stated that the expectation expressed at tho previous year's meeting that the monetary crisis would soon como to an end, had speedily been fulfilled/ After the Ba?ik of England had reduced the Tate o£ interest from .7 to 4 per cent, in tho coarse of a month, the Banque de Franco was nble to lower its rate to 3 per cent., and to fix the: rate for advances at 3.J p'/r cent, about the middle of the year, this bringing the. bank to tho same credit conditions which it had granted during tho last seven years. Tho improvement in the money market had, however, not been followed to tho samo extent by a revival in tratfo and industry.

.The Customs rovenue collected at Wellington resterday amounted to £1529 9s. 9d. ■WELLINGTON MARKET REPORT. Laery and Co., Ltd., Wellington, report wholesale prices ruling on the market Wheat, fowl Is. 7(1. to 4s. 10d.; oats, 2s. Id. to 2s. Gd., dun oats 2s. Id. to 2s. ,3d., seed oats 2s. 9d. to 2s. 10d„ imported Algerian seed oats 2s. Gd.; maize, ss. to ss. 3d.; crushed malt, Bs. 9d.; fowl barley,' 35.; horse beans 4s. Bd., all at per bushel; ricemeal, £o to JSS 55.; flour, N.Z. .-fill 10s., Australian £11} bran, £i 15s. to i 5; pearl barley, i£lG; peas, partridge -is od., prnssian bluo 65., .fowl peas 'Is. 3d., split «£IS 10s.; bonedust, ,£G; superphosphates, to-_«£s 55.; guano, £1 10s.; chaff (oatensheaf), 'iC3 10s. to £i; oatmeal, i£lo.los. to ~CIO 155.; new potatoes, to £4 10s.; onions, .£'s to '£6 10s. ;'molasses fodder, i£s 10s.;' bacon, factory, sides 7Jd., hams 7-jd., rolls'Bd.; prime bulk-butter, 81d. Poultry: Hens 35., ducks is. to 55.; turkeys, gobblers lis! to 125., hens 9s. to 10s.; fresh eggs, Is. sd. to Is. 6(1. per dozen; cheese, Gd. to &ld. per' lb.; loaf, 7d. per lb.; Akaroa machine-dressed, cocksfoot 9d.V farmers' dressed 6d. to' 7d. per lb.; ryegrass, 3s. 3d. to 4s. Gd..per. bushel; Italian ryegrass, 3s. 6d.:to ,4s. bushel;.whito clover, 70s. to 755. cwt.; red clover, Gss. cwt.; cow grass, Gss. cwt.; alsike, 82s. 6d. cwt.; mustard, 40s. cwt.; trefoil, 375. 6d. cwt.; rape seed, 265. cwt.; timothy, 325. 6d. cwt.; swedo and turnip seed. 60s. cwt.; danthonia, *ls. -id. lb. /

; LIVE STOCK SALES. • Messrs. Daleety and Co. report on their Way-STloy-stock sale, held on March 10, as We had a good yarding of, 3018 sheep, l and a small yarding of cattle. Competition was qmet, but we succeeded in quitting the bulk of the entry at prices slightly in advance of rates ruling at our Wanganui sale on Wednesday. Quotations:—Four-tooth Lincoln owes, 95.; twotooth ewes, 10s. 7d.; six-tooth and f.f.m owes, 10s.; f.f.m. ewes, 95.; full-mouth ' ewes, is. to 6s. 6(1.; cull ewes, 2s. to 3s. ; 'two-tooth withers, 9s. 2d. to 10s. 3d.; lambs, 55.; fat cows, ,£3 lis. to £4.105.; store cows, 355/; ; dairy.heifers, £i 6s. Gd. . ,

HIGH COMMISSIONER'S CABLE. The Department'of Industries and Commerce Las received the following cable from the High Commissioner, dated London,-March .13, ,1909:— Thomutto'n market is depressed, and there is scarcely any domand. Supplies aro increasing. Canterbury, which is oUering in moderate quantities, is quoted at 3|d.; North Island, Bd.; Australian, 2Jd. per lb.' The lamb market is very dull, the weather lately having, been unfavourable-.to the sale of lamb. : This season's Canterbury lamb is quoted at 5-Jd.j other than Canterbury, 43d.; Australian, 3Jd. per lb. A large supply of Home-killed mutton affects the. market. -

The beef market is steady, . and New Zealand beef is being pushed for sale. Forequarters are quoted at 3{d., and hindquarters, which aro in moderate • supply", at 2-Jd. per lb. - The butter market is quiet, with small business doing. Some holders arc forcing sales. Demand is chielly for high-grado unsalted butter. Choicest New Zealand brands are quoted at 1065., Danish 1155., Australian 1035., Siberian 1035., Argentine 105s. per- cwt. The cheeso market remains firm. Coloured makes are quoted at, 6is., white makes at 60s. per owt. The hemp market closes weak, with lower tendency in prices. Current quotations are as follow-.—Good fair grade, on spot, ,£23 10s.; fair grado, on spot, oC2I 155.; fair current Manila, on spot, ,£23. 'April-June shipments, good fair 'grade, .£23 ssl; fair grade, ,£2l 10s.; fair current Manila, ;£22/ Last week's Manila output amounted to 23,060 bales; ■- The wool market is. firm, with an tendency. Bradford tops are quoted as follow:—3G's low crossbreds, lljd.; 40's low crossbreds, Is. OJd.; 41's .medium crossbreds, Is. ljd.; 50's halfbreds, Is. 5d.; sG's quarter-breds, Is. 7d.; 60's Merinos, 2s. ; . •. • . ••• The following shipments arrived from the Eiver Plato during the month of FebruarysMutton. Lamb. ■ London ... 159,195 42,990 Liverpool ... 111,331 26,678 Hull 10,210 8,135 Cardiff 10,463 3,699 Southampton ... 11,921 4,725 ' fiewcastio . ... .8,438 4,000

MINING NEWS.

, WORK AT NEW BIG RIVER. (BY TELEGUATU—I'!IF.SS ASSOCIATION.) Reofton, March 15. Operations at New.Big River for the past week wero as follow—Work was 'confined to sinking in No. 9 winzo, driving in No. 9 level east, repairing No. 7 level and No. 2- intermediate level, driving of cut from No. 1 level, and repairing dam, sinking of No. 9 winze continued in country rock. No. 9 level: This face now'shows an averago width of Gft. of reef, with every appcaranco o£ widening in tho back of the levol. Extensive ropairs aro being made to the battery dam- during the present dry weather and, until tho weather breaks, no water is available for crushing purposes. DREDGING RETURNS. (BY TELEQBAI'U—I'UESS ASSOCIATION.] Reefton, March 15. The following Wost Coast dredging returns aro reported:—Pactoliis No. 1 (137 hours), 14oz. ISdwt.; Tactolus No. 2 (128 hours), 21oz. lldwt.; Worksop (121 hours), 3loz. lldwt.; Worksop (122 hours), 31oz. lldwt. Tho dredgemaster at Callaghan's Creek advises that the diedgo snagged and same yesterday. He expects that sho will bo afloat again in three days. • (BY TELEIiUAI'n-ritESS ASSOCIATION.) Dunodin, March 15. During tho past week 30 Otago and Southland dredgos have reported a total return of 7090z. Sdwt. ' .